Examlex
An intermediate-term objective is defined as one that will be accomplished within eighteen months.
Production Technology
The methods, equipment, and processes used to produce goods and services, including advancements that improve efficiency and productivity.
Hourly Wage Rate
The rate of pay given to employees per hour worked, often used to calculate earnings for part-time or casual work.
Production Technology
This term refers to the methods and processes used to create goods and services, incorporating tools, machinery, techniques, and knowledge.
Labor Intensive
Describing industries or processes that require a large amount of labor to produce goods or services, often associated with higher employment but lower capital investment.
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